New Rate – 4.5% Employee Share + 8.5 % Employer Share = Total of 13%Minimum and Maximum Monthly Salary Credit (MSC) Old MSC – Php 2,000 to Php 20,000 New MSC – Php 3,000 to Php 25,000Significant Features of the New Contribution Schedule1...
RCBC to release SSS “UMID PAY” cards in early 2023 RCBC and SSS signs agreement to be partnered making every SSS member to become part of financial system. SSS president … Lifetime validity for birth, death and marriage certificates now a law ...
Regular Social Security / Employees CompensationMandatory Provident FundTotalREGULAR SOCIAL SECURITYEMPLOYEE’S COMPENSATIONMANDATORY PROVIDENT FUNDTOTAL EREETOTALEREETOTALEREETOTALEREETOTAL Below 3,2503,000–3,00025513539010–10–––265135400 3,250 – 3,749.993,500–3,500297.50157.5045510–10–––307.5015...
Answer:From the last row in the “SSS contribution schedule for Employees and Employers” (since his salary falls under the row of P24,750-Over), Mr. Seaman will pay theEmployee shareof P1,125.00, while his employer will be required to pay theEmployer shareof P2,155.00. The total contribu...